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Middlebury town, IN

ZIP 46540 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46540

Median Home Value
$297,800
Median Rent
$885
Affordability Snapshot
$82,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,913/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

28.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 46540 in Middlebury town, IN, a household would need roughly $82,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,913. That sits below the local median household income ($99,664), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
87.7%+34% vs US avg
x
Vacancy Rate
7.0%-32% vs US avg
x
Broadband Access
75.1%-14% vs US avg
x
4+ Bedrooms
18.3%+24% vs US avg
x
Built Pre-1939
1.4%-89% vs US avg
x
Built Post-2014
1.5%-78% vs US avg
x
Rent Burden >30%
13.0%-74% vs US avg
x
Mortgage-Free
32.2%-16% vs US avg
x
$297,800
Home Value
$885
Rent
1988
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached82.6%
  • 1-unit attached5.6%
  • 2-9 units1.7%
  • 10+ units0.5%
  • Mobile home & other9.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$297,800
Median rent$885
Owner-occupied87.7%
Vacant7.0%
Price-to-income3.0x
Est. income to buy$82,000